Pakistan may be liable to pay $11.5b in damages for Reko Deiq gold mine project

Islamabad: In a major blow to Pakistan, the World Bank arbitration tribunal has passed its judgement in the case of Reko Diq gold mine...

Petroleum ministry suggests deregulation of diesel and petrol prices

Islamabad: Ministry of Petroleum is at loggerheads with the Oil and Gas Regulatory Authority (OGRA) and the Planning Commission over the deregulation of high-speed...

High powered Chinese delegation arrives to review projects under CPEC

A high level Chinese delegation arrived Tuesday on a four-day visit to Pakistan to discuss industrial cooperation, implementation of Gwadar projects, and Pakistan Railways’...

Dar reviews progress on development of ITTMS project

Islamabad: Finance Minister, Senator Mohammad Ishaq Dar on Tuesday reviewed progress on the development of border crossing complexes at Torkham and Chaman under the...

Ogra rebuffs Rs10m fine paid by Shell for oil tanker incident

Islamabad: Oil and Gas Regulatory Authority (OGRA) on Tuesday refused the Rs10m fine paid by Shell Pakistan on account of the Ahmed East tanker...

Car sales clock in at 213,000 units, Honda leads the pack

KARACHI Pakistani auto sales (including LCVs Vans and Jeeps) posted 14 per cent YoY growth excluding the taxi scheme. This was due to improving macro-economic growth,...

Women’s economic involvement critical in achieving growth: RCCI

RAWALPINDI Women’s economic involvement is critical in achieving sustained economic growth and stability in Pakistan. No country can achieve its full economic potential without the...

PALPA defies unilateral changes by PIA in admin order

ISLAMABAD Pakistan Air Line Pilots’ Association (PALPA) has rejected unilateral changes made by PIACL management in the admin order (07/2016) during the Board of Directors...

6-year high deposit growth of 19 pc witnessed in June 2017

KARACHI The banking sector deposits are up 19 per cent YoY to Rs 11.9 trillion in June 2017, which is a 6-year high. An analyst...

Pakistan Mango Festival enthralls French dignitaries in Paris

ISLAMABAD A large variety of mango dishes were creatively prepared and artistically presented by the renowned French, two-Michelin Star Chef, Sylvester Wahid. The event enthralled the...

PASDEC offers collaboration in marble, granite sector to Sindh govt

ISLAMABAD Chief Executive Officer of Pakistan Stone Development Company (PASDEC) - a company established by the ministry of industries & production to uplift the marble...

Pakistan agrees to provide 25,000MT rice to Sri Lanka

ISLAMABAD Pakistan has agreed to initially providing 25,000 metric ton non-basmati rice to Sri Lanka on an urgent basis that would be procured on a...

Rupee depreciation inflicts great loss, govt must act: APFB

ISLAMABAD President All Pakistan Business Forum (APBF), Ibrahim Qureshi has said that the recent local currency depreciation has inflicted great loss to the national economy...

2nd round of Iran-Pakistan FTA talks kicks off

ISLAMABAD The second round of negotiations between Iran and Pakistan on Free Trade Agreement (FTA) started in Islamabad on Tuesday and will continue through Wednesday. A...

Total exports slide by 1.63pc during 2016-17, imports up 18.67pc

KARACHI Despite all efforts by the government to enhance exports in 2016-17, the country’s goods export declined by 1.63 per cent to $20.448 billion in...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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Intel launches first artificial intelligence chip Springhill

JERUSALEM: Intel Corp on Tuesday launched its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing...